KATHMANDU: The Investment Board, Nepal, and a Malaysian company have signed an agreement to conduct a feasibility study for the establishment of a chemical fertilizer factory in Nepal.
IBN Chief Executive Officer Sushil Bhatta and Re-Nicola’s Managing Director Bomhidi Abdelali signed the contract from their respective sides amidst a program on Wednesday. Re-Nicola is a Malaysian company.
Issuing a press release, IBN shared that the agreement was reached to establish a factory of chemical fertilizer- green ammonia and calcium ammonium nitrate. As per the agreement, Re-Nicola is obliged to submit a detailed feasibility study within 24 months of the agreement.
The chemical fertilizer factory would be established at Abukhaireni of Tanahu district.
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